August 2013’s Real Estate Performance Review for Inverness Announced by John Herman Team

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The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Inverness.

Deals on Illinois homes

The number of closed sales for attached homes rose from 2 in August 2012 to 3 in August 2013. On the other hand, the number of closed sales for detached homes dropped from 9 closed sales in August 2012 to 7 closed sales in August 2013.

(PRWEB)September 21, 2013

The John Herman Team is pleased to release the latest results for August 2013’s real estate performance review for homes in Inverness. The month showed a 50% increase in the number of closed sales for attached homes in this community.

The number of closed sales for attached homes rose from 2 in August 2012 to 3 in August 2013. On the other hand, the number of closed sales for detached homes dropped from 9 closed sales in August 2012 to 7 closed sales in August 2013. There was, however, a decrease in the median sales price for both attached and detached homes in Inverness. The median sales price for attached homes fell from $430,000 in August 2012 to $343,000 in August 2013, and the median sales price for detached home fell from $620,000 in August 2012 to $450,000 in August 2013.

The Illinois real estate performance review also showed a decrease in the number of homes for sale in Inverness. The number of attached homes for sale fell from 9 homes for sale in August 2012 to 7 homes for sale in August 2013, and the number of detached homes for sale dropped from 100 homes for sale in August 2012 to 76 homes for sale in August 2013. The number of new listings for attached homes fell from 4 new listings in August 2012 to 2 new listings in August 2013, whereas, the number of new listings for detached homes remained steady at 20 new listings for both August 2012 and August 2013.

There was also a decrease in the month’s supply of inventory for Inverness homes for sale. The month’s supply of inventory for attached homes fell from a 4.1-month supply in August 2012 to a 2.5-month supply in August 2013, and the month’s supply of inventory for detached homes dropped from a 13.3-month supply in August 2012 to a 9.1-month supply in August 2013. There was some improvement in the market time for both attached and detached homes. The number of days attached homes remained on the market dropped from 284 days in August 2012 to 224 days in August 2013, and the number of days detached homes remained on the market fell from 114 days in August 2012 to 59 days in August 2013.

About John Herman:

John Herman, Hometown is considered the Best Barrington real estate broker, who serves the entire city of Barrington and its surrounding areas. He has more than twelve years of experience in the local real estate market and is dedicated to providing his clients with exceptional services that assist them in obtaining the right home, for the right price. He holds a Master’s Degree, as well as, an Accredited Buyer Representative Certification, a Short Sale Foreclosure Resource Certification, and is an Equator Short Sale Certified Platinum Member. His decade long commitment to providing each customer with individualized and prompt customer services has earned him the Five Star Professional Award for the past three years. In fact, his customer service ratings were so high, that John Herman has been ranked among the top 2% of real estate agents in the Greater Chicago Area. This distinguished honor speaks volumes about his strong commitment to his clients and his dedication to providing optimal services.